Modified Endowment Contract (MEC

Modified Endowment Contract (MEC,

Modified Endowment Contract (MEC means,

The life insurance policy where premiums are paid is much higher than permitted by federal tax law

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Literal Meanings of Modified Endowment Contract (MEC

Modified:

Meanings of Modified:
  1. Make partial or minor changes to (something)

Sentences of Modified
  1. He may be willing to change his mind

Synonyms of Modified

refine, reconstruct, redesign, make adjustments to, redo, adjust, restyle, alter, revamp, remake, rework, remodel, reform, reorientate, change, improve, refashion, transform, convert, reorganize, recast, revise

Endowment:

Meanings of Endowment:
  1. The act of giving to someone or something as a gift.

Sentences of Endowment
  1. Trying to support the foundation of the chair for psychology

Synonyms of Endowment

subsidizing, funding, financing

Contract:

Meanings of Contract:
  1. Make formal and legally binding agreements.

  2. Catch or Prepare (Disease or Infectious Agent)

  3. Your debt

  4. Written or verbal agreements, including, but not limited to, employment, sales, or lease agreements that are intended to be legal.

Sentences of Contract
  1. When it cools, the glass contracts

  2. Local authorities will employ various agencies to provide services

  3. Three people infected with the deadly virus

  4. Loan 3,300

Synonyms of Contract

covenant, shrink, fall ill with, undertake, settlement, succumb to, acquire, get smaller, develop, pact, get, undertaking, catch, understanding, arrangement, promise, be taken ill with, become smaller, be struck down with, be stricken with, become liable to pay, come down with, pick up, pledge

Modified Endowment Contract (MEC,

Modified Endowment Contract (MEC:

A life insurance policy in which the premiums paid are higher than permitted by federal tax laws.

Literal Meanings of Modified Endowment Contract (MEC

Modified:

Sentences of Modified
  1. Maybe he's ready to change his mind.

Synonyms of Modified

permute, qualify, restrict, permutate, tweak, soften, abate, vary, lower, lessen, blunt, reshape, reduce, moderate, limit, temper, decrease, amend, make alterations to, diminish, adapt, mitigate, customize, remould, dull, tone down, tailor

Endowment:

Meanings of Endowment:
  1. The act of giving something or someone as a gift.

  2. A quality or ability that a person possesses or inherits.

  3. A form of life insurance that pays the policyholder a fixed amount of time or a fixed amount to his property if he dies before that date.

Sentences of Endowment
  1. Your natural ability is your size and intelligence.

  2. Foundation policy

Synonyms of Endowment

faculty, ability, characteristic, foundation, feature, inauguration, establishing, establishment, institution, capacity, attribute, bequest of money for, facility, capability, gift, quality, strength, donation of money for, talent, aptitude, provision of capital for, setting up

Contract:

Meanings of Contract:
  1. A written or ■■■■ agreement, specifically a lease, sale or lease agreement, the purpose of which is legal force.

  2. Decrease in size, number or scope.

  3. Sign a formal and legally binding agreement.

  4. Catching or preparing (disease or infectious agent)

Sentences of Contract
  1. What is the contract with the club now?

  2. The glass shrinks when it cools.

  3. Three people are infected with the deadly virus.

Synonyms of Contract

become infected with, run up, enter into an agreement, account, compact, concordat, reduce, make a deal, bond, incur, fall into, convention, decline, negotiate a deal, go down with, shrivel, bargain, take sick with, agree, commit oneself, agreement, dwindle, treaty, decrease, engage